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Arthur J. Gallagher AJG Brokerage Management — Expiration lists

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VOYABusiness Exited Excluded — Policyholder Account Balance
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Other financials

Income statement

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Revenue$4.8B+27.7%
Gross profit$2.0B+16.3%
Net income$822.0M+16.8%
EPS (diluted)$3.16+16.2%

Balance sheet

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Cash & equivalents$1.4B-91.5%
Total debt$14.0B+5.7%
Total equity$23.8B+6.5%
Total assets$78.3B+5.7%

Cash flow

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Operating cash flow$957.0M+9.7%
CapEx$36.0M+28.6%
Free cash flow$921.0M+9.1%

Valuation

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Market cap$55.98B-31.7%
Enterprise value$68.58B-12.7%
P/E34.7×-17.9×
P/S3.7×-3.1×

Profitability

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Gross margin99.7%+14.0pp
Net margin10.8%-2.2pp
FCF margin21%-0.1pp

Returns & leverage

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Return on equity7%-2.3pp
Debt / equity0.6×0.0×
Current ratio1.1×-0.4×

Where this comes from

Reported directly by Arthur J. Gallagher in its filing.

Tagged under the XBRL concept ajg:BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsExpirationLists.

The official record: Arthur J. Gallagher’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Arthur J. Gallagher's brokerage management — expiration lists?
Arthur J. Gallagher (AJG) reported brokerage management — expiration lists of $162M in Q1 2026.
How has Arthur J. Gallagher's brokerage management — expiration lists changed year-over-year?
Arthur J. Gallagher's brokerage management — expiration lists decreased by 19.3% year-over-year, from $200.8M to $162M.
What does brokerage management — expiration lists mean?
This represents the capitalized value of insurance policy expiration lists acquired through brokerage business transactions. These lists provide the firm with critical data on client policy renewal dates, coverage types, and historical premiums, serving as a primary tool for client retention and cross-selling. The asset is amortized over its estimated useful life as the firm realizes the value of these renewal opportunities.